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Which States Still Have Tax Free Weekends?

tax free weekend

It’s time for back-to-school deals!

Some states are going sales tax free for a weekend or full week in August. In comparison to sales tax ranging between 4% to 10% of your purchase, it means more bang for your buck.

What kind of deals can you get?

First off, you might wonder if this tax free weekend is limited to certain purchases. Each state is different but you can find out which purchases your state considers tax free.

However, you should be able to pick up the necessities. Continue reading “Which States Still Have Tax Free Weekends?”

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When is the Tax Extension Deadline for 2019?

tax extension deadline 2019

The tax extension deadline for the 2019 tax season is approaching.

Be advised, Tuesday, October 15, 2019, isn’t just the extension deadline. It’s also the last day to e-file your tax return.

However, if you didn’t file an extension on the April 15 deadline, you may be subject to penalties depending on if you owe taxes to the IRS or not.

Can I still file an extension?

Unfortunately, you can no longer file an extension. The last day to have filed an extension was April 15, 2019; the original tax deadline. By filing Form 4868 (Application for Automatic Extension of Time To File U.S. Income Tax Return), the IRS grants you an extra six-months to file.

That being said, for tax returns who have an outstanding tax due to the IRS, that haven’t been paid, will be subject to penalties.

Do you have a tax due to the IRS?

Continue reading “When is the Tax Extension Deadline for 2019?”

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Here’s the New 2019 W-4 Form!

2019 w4

The IRS has released the W-4 form for 2019

Due to the Tax Cuts and Jobs Act, the IRS has updated the W-4 to reflect the many tax changes. You may be wondering if there will be major differences.

Here’s the breakdown

Right off the bat, when comparing the 2018 W-4 and 2019 W-4, it looks similar. However, there are changes in income thresholds along with calculations. This also applies to changes from tax credits to allowance tables for two-earners/multiple job holders.

Personal Allowances Worksheet

To calculate your allowances, the first sheet you see is the Personal Allowances Worksheet. Typically, taxpayers with a simple tax situation who do not need to itemize, have no dependents and only work only one job just fill in this first sheet and leave everything else blank. Continue reading “Here’s the New 2019 W-4 Form!”